Latest news with #UMH
Yahoo
27-05-2025
- Business
- Yahoo
UMH PROPERTIES, INC. TO PARTICIPATE IN NAREIT'S REITWEEK: 2025 INVESTOR CONFERENCE
FREEHOLD, NJ, May 27, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), today announced that the Company will participate in Nareit's REITweek: 2025 Investor Conference, to be held in New York City, at the New York Hilton Midtown. UMH's senior management team is scheduled to present on Tuesday, June 3, 2025, at 10:15 a.m. Eastern Time. The presentation will be available live via webcast and accessible on the Company's website, in the Upcoming Events section. The webcast replay will be available for 30 days after the presentation. Presentation materials will also be available on the Company's website homepage. UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 141 manufactured home communities, containing approximately 26,500 developed homesites, of which 10,400 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 141 communities are two communities in Florida, containing 363 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate. Contact: Nelli Madden732-577-4062Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
James G. Johnston Memorial Nursing Home to close in July
JOHNSON CITY, N.Y. (WIVT/WBGH) – United Methodist Homes has made the 'very difficult decision' of closing a Johnson City nursing home, which has been in operation since 1974, this summer. The Executive leadership of United Methodist Homes' Hilltop Campus told News 34 that the 27 current residents of James G. Johnston Memorial Nursing Home will have to find alternate housing as of 'tentatively' July 19, 2025, which meets the required 60-day notice for residents. Vice President of Sales and Marketing for United Methodist Homes, Betsy Vannatta, says the leadership is working closely with families and residents to help them find new facilities to reside. 'Each and every resident and their families will be guided through the process and will be assisted in securing a new housing option as residents and their families are, and will continue to be UMH's top priority. The staff are equally valued and a priority and it is the goal of UMH to retain and reposition as many staff as possible. They are working closely with staff members to identify other employment opportunities within the organization,' Vannatta said. JGJ Memorial has been caring for Broome County seniors and those in need for over 50 years. CEO of UMH, Brian Picchini, says the reasoning for the closure is due to financial strain brought on by the 'insufficient Medicaid Program reimbursement available for nursing home services,' particularly in Broome County, where the number of Medicaid-eligible seniors is higher than usual. 'Essentially, the inadequate reimbursement rate system has not kept pace with the rising cost of care. Therefore, it has been determined the best course of action is to cease operations at JGJ,' Vannatta said. Vannatta did note that the closure is specifically to the nursing home facility, which does not affect the independent and assisted living operations on the Hilltop Campus. 'We remain committed to providing seniors a safe, secure community where they can continue to have access to the care and services needed when the time comes. While we regret the need to cease operation of our nursing home, we are forward looking and have plans to enhance ourcommunity by expanding resident access to wellness and preventative care programs and expand services in other areas which we believe will not only be successful in meeting resident needs, but will better match resident preferences,' stated Ron Patti, Chief Operating Officer. Vannatta says the nursing home will remain open and operational until they 'have successfully secured placement for each and every resident.' Village could use eminent domain on Pope Leo XIV's childhood home, attorney says SUNY Leaders outline priorities in State of the University Address Zeldin slams Whitehouse in heated exchange: Americans 'put President Trump in office because of people like you' Trump confronts South African president over claims of 'white genocide' Mace files resolution to expel McIver over ICE assault charges Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
12-05-2025
- Business
- Yahoo
UMH PROPERTIES, INC. PUBLISHES ITS 2024 SUSTAINABILITY REPORT
FREEHOLD, NJ, May 12, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced today that it has published its 2024 Sustainability Report. It is now available on the Company's website at Aaron Potter, Vice President of Sustainability and Urban Development, commented, 'UMH's approach to sustainability is grounded in our long-standing commitment to providing safe, high-quality, and affordable housing. We believe that strong communities are built through responsible management, thoughtful environmental practices, and a focus on long-term value creation. From enhancing resource efficiency to fostering vibrant neighborhoods, our efforts are designed to positively impact the lives of our residents, employees, and stakeholders. We continue to strengthen our operations through transparency, accountability, and a culture of continuous improvement. Our latest Sustainability Report reflects this ongoing commitment and outlines the progress we've made in building a resilient and responsible future.' UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 141 manufactured home communities, containing approximately 26,500 developed homesites, of which 10,400 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 141 communities are two communities in Florida, containing 363 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate. Contact: Nelli Madden732-577-4062 # # # # #
Yahoo
27-02-2025
- Business
- Yahoo
UMH (UMH) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended December 2024, UMH Properties (UMH) reported revenue of $61.87 million, up 8.6% over the same period last year. EPS came in at $0.24, compared to $0.10 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $61.6 million, representing a surprise of +0.44%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.24. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how UMH performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Income- Sales of Manufactured Homes: $8.61 million compared to the $8.11 million average estimate based on two analysts. The reported number represents a change of +11.3% year over year. Income- Rental and Related Income: $53.26 million compared to the $53.25 million average estimate based on two analysts. The reported number represents a change of +8.2% year over year. Net Income Per Share- Diluted: $0 compared to the $0.08 average estimate based on two analysts. View all Key Company Metrics for UMH here>>>Shares of UMH have returned +1.3% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UMH Properties, Inc. (UMH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
